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Connecticut Innovations Invests $7.2 Million in Early-Stage Companies in FY 2021 Q2; Deals leveraged nearly $156 million in outside capital in the second quarter of the fiscal year

Mar 01, 2021 - PR Newswire

PR Newswire

NEW HAVEN, Conn., March 1, 2021 /PRNewswire-PRWeb/ --Connecticut Innovations(CI), Connecticut's strategic venture capital arm and the leading source of financing and ongoing support for Connecticut's innovative, growing companies, today announced that it invested $7.2 million across 26 transactions during the second quarter of its 2021 fiscal year, ending December 31, 2020.

In terms of investment breakdown, CI directed approximately $4.3 million toward companies in the bi...